Yesterday JP Morgan Chase CEO Jamie Dimon spoke about partnering with a peer to peer lending platform without mentioning the company by name. Later in the day, it was shared that OnDeck Capital has announced a strategic partnership with JPM where the largest bank in the US will use OnDeck to provide SME loans. OnDeck shares rallied on the news jumping dramatically after hours (NYSE:ONDK). OnDeck has only been trading on the NYSE for less than a year.
News
JP Morgan Chase to Partner with OnDeck
![JP Morgan Chase to Partner with OnDeck JP Morgan Chase to Partner with OnDeck](https://smefinanceforum.org/sites/default/files/styles/720x486/public/post/images/shutterstock_160975910.jpg?itok=Slizoyu5)
Dec 02, 2015